Franklin Resources Inc. Has $40.30 Million Stock Holdings in Louisiana-Pacific Co. (NYSE:LPX)

Franklin Resources Inc. decreased its stake in Louisiana-Pacific Co. (NYSE:LPX - Free Report) by 22.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 389,220 shares of the building manufacturing company's stock after selling 111,154 shares during the period. Franklin Resources Inc. owned 0.55% of Louisiana-Pacific worth $40,304,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in LPX. UMB Bank n.a. increased its position in Louisiana-Pacific by 98.8% in the fourth quarter. UMB Bank n.a. now owns 318 shares of the building manufacturing company's stock worth $33,000 after buying an additional 158 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new stake in Louisiana-Pacific in the 4th quarter valued at about $35,000. Versant Capital Management Inc lifted its position in Louisiana-Pacific by 158.5% in the 4th quarter. Versant Capital Management Inc now owns 349 shares of the building manufacturing company's stock valued at $36,000 after purchasing an additional 214 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in Louisiana-Pacific by 65.0% during the 4th quarter. Harbor Capital Advisors Inc. now owns 589 shares of the building manufacturing company's stock valued at $61,000 after purchasing an additional 232 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Louisiana-Pacific by 56.2% in the 4th quarter. First Horizon Advisors Inc. now owns 720 shares of the building manufacturing company's stock worth $75,000 after purchasing an additional 259 shares during the last quarter. Institutional investors and hedge funds own 94.73% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on LPX shares. Royal Bank of Canada reiterated an "outperform" rating and set a $125.00 price objective on shares of Louisiana-Pacific in a research report on Thursday, February 20th. Loop Capital decreased their price target on Louisiana-Pacific from $117.00 to $110.00 and set a "hold" rating for the company in a research note on Monday, February 24th. Truist Financial lifted their price objective on shares of Louisiana-Pacific from $117.00 to $135.00 and gave the company a "buy" rating in a research note on Monday, January 6th. DA Davidson lowered their target price on shares of Louisiana-Pacific from $125.00 to $123.00 and set a "buy" rating on the stock in a research note on Thursday, February 20th. Finally, TD Securities reduced their price target on shares of Louisiana-Pacific from $123.00 to $117.00 and set a "hold" rating for the company in a research note on Thursday, February 20th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $111.50.

Louisiana-Pacific Price Performance

Shares of LPX traded down $4.32 during trading hours on Thursday, hitting $85.37. 106,377 shares of the company were exchanged, compared to its average volume of 755,619. The firm has a fifty day simple moving average of $98.27 and a 200-day simple moving average of $105.56. The company has a market capitalization of $5.95 billion, a PE ratio of 14.54, a PEG ratio of 1.24 and a beta of 1.86. Louisiana-Pacific Co. has a one year low of $71.39 and a one year high of $122.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 2.86 and a quick ratio of 1.69.

Louisiana-Pacific (NYSE:LPX - Get Free Report) last issued its quarterly earnings results on Wednesday, February 19th. The building manufacturing company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.79 by $0.24. Louisiana-Pacific had a net margin of 14.31% and a return on equity of 25.35%. The business had revenue of $681.00 million during the quarter, compared to the consensus estimate of $666.75 million. During the same quarter in the prior year, the firm earned $0.71 EPS. The firm's quarterly revenue was up 3.5% on a year-over-year basis. As a group, sell-side analysts predict that Louisiana-Pacific Co. will post 5.27 earnings per share for the current year.

Louisiana-Pacific Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 13th. Stockholders of record on Thursday, February 27th were issued a dividend of $0.28 per share. This is an increase from Louisiana-Pacific's previous quarterly dividend of $0.26. The ex-dividend date was Thursday, February 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 1.31%. Louisiana-Pacific's payout ratio is currently 19.05%.

Louisiana-Pacific Profile

Louisiana-Pacific Corporation, together with its subsidiaries, provides building solutions primarily for use in new home construction, repair and remodeling, and outdoor structure markets. It operates through Siding, Oriented Strand Board, LP South America, and Other segments. The Siding segment offers LP SmartSide trim and siding products, LP SmartSide ExpertFinish trim and siding products, LP BuilderSeries lap siding products, and LP Outdoor Building Solutions; and engineered wood siding, trim, soffit, and fascia products.